has announced that its Indian subsidiary – Nissan Motor India Private Ltd
(NMIPL) – has assumed full responsibility for the sales, marketing and
distribution of all Nissan-branded vehicles and parts in India, with immediate
effect from February 14, 2014. Nissan stated that its agreement with Hover
Automotive India Pvt. Ltd. (HAI) for exclusive sales, marketing and
distribution of Nissan branded vehicles and parts in India has been terminated.
details about the business structure will be announced in due course.
Yomura, Nissan President, India Operations, said: “Nissan is now at a point of
maturity in India where the time is right to establish our own marketing and
distribution operations. Nissan’s priority will be to ensure a smooth
transition from current operations. We remain committed to our customers and
will continue to deliver high quality products and services.”
comments were available from HAI.
Automotive India (HAI) is the partner of Nissan Motor India Pvt. Ltd, to
operate the Sales, Service, Parts, Marketing, Training & Dealer Development
functions in the Indian Market for Nissan range of products.
has been the official distributor of Nissan cars in India since beginning.
Hover Automotive India is the creation of three global entrepreneurs---Moez
Mangalji from Westmont Group, G.M.Singh and Kevin Whalen form the partners and
board of directors of HAI. The Westmont Group is a global consortium consisting
of a diverse portfolio in hotels, real estate, customer service, brand
management and marketing. The Westmont group employs more than 40,000 people in
Asia, Europe, Mexico, Canada and the United States.
Singh is a Mumbai-based businessman who founded the GMS group. His companies
have ranged from automotive retail and car rental franchises to power
generation and real estate development across India.
Whalen is a dealer entrepreneur in the United States.
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